Lifestyle America's average net worth by age

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Braf_Zachland

Active Member
Nov 17, 2023
81
243
Hmmm, I apparently don't know what net worth, or median means.
Is that like how much money you have multiplied by something?

Wait, is that like American dollars im supposed to have?!?!

 

Papi Chingon

Domesticated Hombre
Oct 19, 2015
28,015
34,994
Hmmm, I apparently don't know what net worth, or median means.
Is that like how much money you have multiplied by something?

Wait, is that like American dollars im supposed to have?!?!

Net worth is worth minus debt if you were to liquidate everything (sell house, pay off loan for example). Median is the absolute middle of the sample group. If they evaluated 100 people and placed them onto a spreadsheet of ascending or descending net worth, whomever is #50 would be the median. Median is where most people would be hovering. Median is different than average, as average takes all numbers, and calculates from there, therefore if Elon Musk were in the sample group, the average would be completely off base as his zillion dollars skews the numbers. If Elon were included in the median sample group, the person in the absolute middle (#50) doesn't change.